Cordia International, Futureal Group’s residential progression platform, controlled the management of its moment bond factor on the Budapest Stock Exchange to finance its continued expansion, mainly in Central and Eastern Europe.its most recent transaction, which had a large oversubscription through monetary establishments and achieved a 2.46% decline.Last November, Cordia effectively placed a 7-year bond of 44 billion HUFs (135 million euros) with a yield of 3.82%.
“After the final touch of our company’s first bond factor last November, Cordia once again participated in the bond program introduced through the Hungarian National Bank.Our 10-year bond moment factor was an exceptional success, which is well indicated through the fact that investors’ interest in bonds was more powerful than before and that we achieved an average yield of 2.4%.We have been preparing for long-term preparation for a company ready for the capital market and have taken the next major step in this,” said Cordia founder and main shareholder, Gobor Futo.
“The HUF 36 billion (105 million euros) raised in the transaction are reused as a new budget for our long-term expansion, we will use them to further strengthen our market presence.It will allow us to invest in projects and corporations in our key markets in which we are already present, but we are also looking for additional opportunities.Thanks to our diversification, we have a much broader and broader perspective,” said Tibor Foldi, Chairman of The Board of Directors of Cordia.Learn more about Opinion.Alexandra Slayetu (Millennia Aviation): the use of drones to build tomorrow’s smart workforce is informed
Using the budget collected from the November 2019 bond issue, Cordia obtained the site of Modena’s former clothing factory in Poznan, Poland, where the company is an urban regeneration project, and also has similar plans on land in Warsaw.93% of the shares of Polnord SA, the genuine real estate growth company listed in Warsaw, and 20% of ARGO Properties NV, active in the German rental housing market.Danube Bank in Budapest.
Cordia is one of the largest investment teams and residential real estate progression corporations in Central and Eastern Europe with a strong and well-known logo and a presence in the middle and middle to upper segments of the sales market in Hungary, Poland, Romania, while Cordia Group has 20 years of experience and prides itself on winning foreign awards , including: ULI Global Awards for Excellence, “Best Mixed-Use Project in Europe” International Property Awards, Bloomberg TV, The New York Times, “Project Built with the Best Purpose Worldwide” through the International Real Estate Federation (FIABCI)”
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